Reply to: Chart of the day

[Mich the Tester]

I lost a few bobs yesterday with a short on the dhow.

Look, I know it's a bit frustrating to lose work to Indians, but they're human beings; thre's no need to drown them.

[DimPrawn]

How much would an 1811 ten pound note be worth today to a collector?

About £200.

[Jog On]

Yes, I lost a few bob yesterday with a short on the dow.

Fibs?

[Doggy Styles]

Think of two people 200 years ago.

One has a ten pound note and the other a bar of gold or 10 acres of land or a Monet.

Which one now is the wealthiest?

How much would an 1811 ten pound note be worth today to a collector?

[DimPrawn]

£ isn't doing too badly at the moment, although I closed my long today before the rate decision.

Up 7% this week - good start to the month. Now just have to hang on to it and not get all overconfident and pi$$ it away...

Yes, I lost a few bob yesterday with a short on the dow.

[Jog On]

£ isn't doing too badly at the moment, although I closed my long today before the rate decision.

Up 7% this week - good start to the month. Now just have to hang on to it and not get all overconfident and pi$$ it away...

[DimPrawn]

The guy who persuaded some idiot to pay for a '200 year old Monet'.

Monet was born in 1840, so, yes, it was a good purchase no?

[Mich the Tester]

Think of two people 200 years ago.

One has a ten pound note and the other a bar of gold or 10 acres of land or a Monet.

Which one now is the wealthiest?

The guy who persuaded some idiot to pay for a '200 year old Monet'.

[gingerjedi]

It's shiny. Also heavy.

Heavy is good, heavy is reliable. If it doesn't work you can always hit them with it.

HTH

A good an explanation as any.

[Mich the Tester]

Why is gold valuable?

Because the newly rich don't appreciate the subtle, understated elegance of silver or stainless steel.

[DimPrawn]

Why is gold valuable?

Because it is extremely rare, can't be created from thin air, does not degrade over time and is traded and accepted as a store of wealth around the globe. Romans, Greeks and Egyptians traded it 1000's of years ago for the same reason.

Land has the same characteristics as do rare cars, paintings etc.

Think of two people 200 years ago.

One has a ten pound note and the other a bar of gold or 10 acres of land or a Monet.

Which one now is the wealthiest?

[AtW]

Now, please tell us, how many bars of gold do you own to buy this magnificent property with?

Yes, gold is a good investment but I've got better...

[AtW]

Why is gold valuable?

It's shiny. Also heavy.

Heavy is good, heavy is reliable. If it doesn't work you can always hit them with it.

HTH

[Mich the Tester]

Now, please tell us, how many bars of gold do you own to buy this magnificent property with?

Sod property. I've found some gold bars that get a man all the favours he can want.

[gingerjedi]

Why is gold valuable?